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02.11.2024 Activity

This document provides enrollment data for production and operations management courses at Razon University over the past 8 semesters. It asks to compute a 3-semester moving average forecast for semesters 4 through 9 and an exponentially smoothed forecast with an alpha of 0.2 for the enrollment data. It further asks to compare the two forecasts using MAD and choose the most accurate one.

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27 views5 pages

02.11.2024 Activity

This document provides enrollment data for production and operations management courses at Razon University over the past 8 semesters. It asks to compute a 3-semester moving average forecast for semesters 4 through 9 and an exponentially smoothed forecast with an alpha of 0.2 for the enrollment data. It further asks to compare the two forecasts using MAD and choose the most accurate one.

Uploaded by

I lurv Books
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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5.

J&S Furniture’s actual sales from compute for the 3rd month with
smoothing constant as a=0.20 b=0.40
Actual Smoothed Forecast Including
Month (t) Demand ( Forecast ( Smoothed trend ( Trend (
Used 18 as actual
1 12 11 2 13
2 17 demand for month
3
6. J&S Furniture’s actual sales from compute for the 4th month with
smoothing constant as a=0.20 b=0.40
Actual Smoothed Forecast Including
Month (t) Demand Forecast ( Smoothed trend Trend
( ( (
Used 17 as
1 12 11 2 13
2 17 actual demand
for month 4
13. The Glorioso Fertilizer Company distributes fertilizer to various lawn and garden shops. The company
must base its quarterly production schedule on a forecast of how many tons of fertilizer will be demanded
from it. The company has gathered the following data for the past three years from its sales records.

Compute a 3-quarter moving average forecast for quarters 4 through 13 and compute the forecast error for each
quarter and a weighted 3-quarter moving average forecast using weights of 0.50, 0.33, and 0.17 for the most
recent, next recent, and most distant data, respectively, and compute the forecast error for each quarter.
Compare the forecasts developed using cumulative error. Which forecasts appears to be more accurate?
14. The last four weekly values of sales were 80, 100, 105 and 90 units.
The last four forecasts (for the same four weeks) were 60, 80, 95, and
75 units. Calculate MSE.

a. 281.25
b. 281.3
c. 282
d. 277.8
17. The chairperson of the department of management at Razon University wants to forecast the number of
students who will enroll in production and operations management next semester in order to determine how
many sections to schedule. The chair has accumulated the following enrollment data for the past eight
semesters:

Compute a 3-semester moving average forecast for semesters 4 through 9 and the exponentially
smoothed forecast (α= 0.20) for the enrollment data. Compare the two forecasts using MAD and
choose the most accurate.

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